Archived
Are there any legal ramifications if a registered agent of a LLC uses a address that is just a rented mailbox like UPS store.
Ronald's answer
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Answered on March 18, 2016
It depends upon the State. Delaware is familiar with the mailbox locations and stops that. Many registered agent services have a physical address...
Archived
Will I be required to pay US taxes because my e-commerce products (audio recordings) are being hosted on US servers?
Ronald's answer
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Answered on March 17, 2016
This is very tricky. Both the Federal and States want to claim "nexus" and collect income, business and sales taxes. Merely having a remote hosted...
Archived
If we add my gma to the LLC and something happens to her can creditors/IRS come after us for her monies?
Ronald's answer
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Answered on March 17, 2016
First, you need a good tax and business attorney to structure the LLC. You would need a multi-member Operating Agreement and most likely at least 2...
Archived
Can creditors take my tax refund to pay off my credit cards?
Ronald's answer
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Answered on March 16, 2016
Once the money gets into your husband's account, creditors can levy it. I suggest the funds be removed as quickly as possible. Please talk to a...
Archived
I received a 1099 that I believe I shouldn't have. What do I do about it?
Ronald's answer
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Answered on March 16, 2016
Actually, it is income but you might get a deduction for casualty loss. Please have your retruned prepared by a professional.
Good luck!
Ron...
Archived
Do i have to report a cash transaction on taxes if it was an inheritance?
Ronald's answer
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Answered on March 16, 2016
No. If the value of the boat at death was $4k or more, there is no income.
I hope this helps!
Sorry for your loss,
Ron Cappuccio
Archived
Does a Corporation provide a larger tax deduction than a LLC for a musician?
Ronald's answer
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Answered on March 16, 2016
First, a limited liability company is absolutely not a corporation. You can choose to have it tax like a corporation, but in your case if you form...
Archived
Do I need to do anything with the SEC or anything like that? Or is it just simply adding them to the operating agreement?
Ronald's answer
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Answered on March 16, 2016
First, it depends whether this person is simply a pure investor be working in the business. If it is pure investor there may be some securities...
Archived
How can I fix it?
Ronald's answer
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Answered on March 16, 2016
Kevin, when you have ID theft you will not be able to electronically file because the IRS will automatically reject it. That is normal. You really...
Archived
Do we need a attorney
Ronald's answer
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Answered on March 16, 2016
When you form a business, you absolutely need a good tax and business attorney to set up the LLC. This is particularly true since you are going to...